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by seydor
437 days ago
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Suppose you even find those workers. How are american products going to compete with cheaper chinese / european ones. People over there are used to much lower wages / purchasing power. You can look at Tesla vs BYD prices as an example |
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Industries don't exist in isolation, and you need to be able to make simpler things in order to cultivate the know-how to make complex things. If China makes better phones, it won't be long until they make better drones. This is as much a strategic initiative as it is an economic one.
And BYD should be a wake up call that the US cannot compete in high value goods anymore.